“Unlike some of my colleagues, I never ceased to believe that, other things being equal, the level of unemployment was related to the extent of trade union power. The unions had priced many of their members out of jobs by demanding excessive wages for insufficient output, so making British goods uncompetitive.”

— Margaret Thatcher , book The Downing Street Years

Source: The Downing Street Years (1993), p. 272

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Margaret Thatcher 348

British stateswoman and politician 1925–2013

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Margaret Thatcher 348

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